Osaka, Japan-headquartered SANYO Electric Co. Ltd., a global provider of electronic and energy-efficient products with offices throughout the U.S., has plans to expand its HIT solar photovoltaic cell production capacity at the Nishikinohama Plant in Osaka and Shimane SANYO facility in Shimane, Japan, in response to the growing demand for solar photovoltaic systems.
SANYO produces its HIT solar photovoltaic cells at the two facilities. In fiscal 2007, by investing approximately 9 billion yen in new production equipment at the Nishikinohama plant, the company will increase cell production capacity from its current level of 115 MW to 210 MW.
In fiscal 2008, SANYO will invest approximately 10 billion yen in Shimane SANYO and establish new production facilities that will start operating in September 2008. As a result, cell production capacity at Shimane SANYO will increase from 50 MW to 140 MW, the company says.
These production increases will help SANYO reach its goal of expanding its solar cell business three times the company's fiscal 2005 levels.